|BSE 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 25 July'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Bulls defending the recent lows manage to edge above the blue Tenkan Sen line #W2.
Senkou Span A & B - gap steadies up #W3.
Tenkan Sen and Kijun Sen gap also steadies #W2
Wrap: Bulls retake the Tenkan Sen, Bears defend recent Highs #W2.
Looking Forward into this Week:
The Chikou Span, keeping current altitude, will need a few months to meet the price-line #W1.
Bears want to defend the recent Highs and get the index below the Tenkan Sen again #W2.
Wrap: Bears look to keep below recent highs and get the index below the Tenkan Sen, Bull focus is to stay above the Tenkan Sen and reach the ATH #W2.